The Board of Directors of Petrobras 🇧🇷PETR4) on Wednesday approved a new five-year business plan that will raise investment through 2027 to closer to US$80 billion, up from around US$68 billion allocated in the previous plan, two people with knowledge of the company told Reuters. information.
The oil company plans to increase investments in exploration, production and refining for the period between 2023 and 2027, the sources said.
It will also increase decarbonization investments to about 6% of the total from 4%, one of the people said.
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Source: Moneytimes
I am an author and journalist with a focus on market news. I have worked for a global news website for the past two years, writing articles on a range of topics relating to the stock market. My work has been published in international publications and I have delivered talks at both academic institutions and business conferences around the world.
